Triangle Securities Wealth Management Sells 578 Shares of Comcast Co. (NASDAQ:CMCSA)

Triangle Securities Wealth Management lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,216 shares of the cable giant’s stock after selling 578 shares during the quarter. Triangle Securities Wealth Management’s holdings in Comcast were worth $2,026,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Newton One Investments LLC acquired a new position in shares of Comcast during the second quarter worth $28,000. Baron Financial Group LLC lifted its holdings in shares of Comcast by 688.6% during the second quarter. Baron Financial Group LLC now owns 552 shares of the cable giant’s stock worth $31,000 after purchasing an additional 482 shares during the period. Axiom Investment Management LLC acquired a new position in shares of Comcast during the first quarter worth $37,000. Lake Point Wealth Management acquired a new position in shares of Comcast during the second quarter worth $41,000. Finally, Bogart Wealth LLC lifted its holdings in shares of Comcast by 53.4% during the second quarter. Bogart Wealth LLC now owns 862 shares of the cable giant’s stock worth $49,000 after purchasing an additional 300 shares during the period. 82.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ CMCSA opened at $51.88 on Thursday. The firm’s 50-day moving average price is $54.21 and its 200-day moving average price is $56.61. Comcast Co. has a 1-year low of $48.15 and a 1-year high of $61.80. The firm has a market capitalization of $237.04 billion, a P/E ratio of 16.74, a P/E/G ratio of 1.06 and a beta of 0.96. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.05.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 28th. The cable giant reported $0.87 EPS for the quarter, topping the consensus estimate of $0.75 by $0.12. The company had revenue of $30.30 billion during the quarter, compared to the consensus estimate of $29.87 billion. Comcast had a net margin of 12.73% and a return on equity of 14.88%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. Equities research analysts forecast that Comcast Co. will post 3.15 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 26th. Stockholders of record on Wednesday, January 5th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Tuesday, January 4th. Comcast’s payout ratio is presently 32.26%.

A number of equities analysts have recently commented on the stock. Truist Securities lifted their price target on shares of Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 30th. Truist lifted their price target on shares of Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 30th. TD Securities cut their price target on shares of Comcast from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, October 29th. Loop Capital dropped their target price on shares of Comcast from $71.00 to $67.00 and set a “buy” rating on the stock in a report on Monday. Finally, BNP Paribas assumed coverage on shares of Comcast in a report on Monday, September 27th. They issued an “outperform” rating and a $72.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Buy” and an average price target of $65.87.

Comcast Profile

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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